Decolonising Economics Means Rethinking Development and Challenging Eurocentric Theory

Economics is how we study money, jobs, and the way countries become rich.

Many of the big ideas in economics were made a long time ago by rich European men.

A new book called 'Decolonizing Economics' says these ideas may not be fair or true for everyone.

It says some countries became rich by taking resources from other places and paying workers very little.

It also says some important workers, like women and essential workers, are not paid enough for the work they do.

People living in poverty feel so much stress that making good choices becomes harder for them.

Rich countries asked poor countries to open their markets, even though rich countries grew strong by protecting their own businesses first.

The book also offers new ideas, like letting workers own companies or citizens vote on how public money is spent.

There are ideas to cancel debts that people never agreed to and to care for the planet.

The goal is to build an economy that helps people instead of only making the elite richer.